Putting Trust in the U. S. Budget Federal Trust Funds and the Politics of Commitment |
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Author:
| Patashnik, Eric M. |
Contribution by:
| Barry, Brian Elkin, Stephen Goodin, Robert E. Hardin, Russell Pateman, Carole Weingast, Barry |
Series title: | Theories of Institutional Design Ser. |
ISBN: | 978-0-521-77748-3 |
Publication Date: | Aug 2000 |
Publisher: | Cambridge University Press
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Book Format: | Paperback |
List Price: | USD $37.99 |
Book Description:
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In the United States many important programs, such as Social Security and Medicare, are paid from trust funds. At a time when major social insurance funds are facing insolvency, this timely book provides the first comprehensive study of this significant yet little-studied feature of the American welfare state. Trust funds are at the heart of US budgeting and public social provision, and also raise a fundamental question of democratic politics: can current officeholders bind their...
More DescriptionIn the United States many important programs, such as Social Security and Medicare, are paid from trust funds. At a time when major social insurance funds are facing insolvency, this timely book provides the first comprehensive study of this significant yet little-studied feature of the American welfare state. Trust funds are at the heart of US budgeting and public social provision, and also raise a fundamental question of democratic politics: can current officeholders bind their successors? Through detailed case studies Patashnik shows how long term government commitments are effectively designed.